In the heart of the Nicolaï District, the Ephraim Palace is a delightful building with its elegant Rococo façade, a style which used shapes and decorations to attract the eye. There is a fine example of this in the large, elaborate balcony which catches your eye and draws your gaze to the first floor façade and its decorations. Large curved French windows open out from the reception rooms here. This magnificent palace was built in 1762 for the jeweller and banker, Ephraim. He received a number of privileges in return for saving the king from bankruptcy, in particular during the Seven Years War again Austria which began in 1760. Nowadays, this palace is used as a venue for temporary exhibitions by the City museum.